[bmitc]

My understanding is that these ultra rich people have their wealth tied up in investments, so they never "see" any income despite their investments' massive growth. To get cash and buy things, they simply take out loans at super low interest rates using their investments as collateral. Basically, it's cheat codes.

It's probably why CEOs also like to take super low salaries.

What I don't understand is how their stock gifts or dividends don't trigger more taxes or why their taxes are indeed so damn low.